Crypto Lender Nexo Introduces $5,000 Minimum Limit to Focus on Wealthy Clients

Quick Summary:

The firm said the move strengthens its commitment to long-term HODLers and wealth builders through white-glove customer care and tailored products.

Nexo has over $11 billion in assets under management, has issued $8 billion in crypto credit, and paid out over $1 billion in interest, the company said.

Looking ahead, Nexo won an initial approval to operate as a licensed entity in Dubai in March of last year.

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Article Details

Author / Journalist: Ian Allison

Category: Crypto

Markets: United StatesCuba

Topics: Nexo Crypto Billion Coindesk Bullish Digital Wealth Award 2025 Assets Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-22 @ 14:00:00 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 172 words

Reading Time: 1 minutes read

Sentences: 21 lines

Sentence Length: 9 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25342909

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